{
  "url": "https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019/regulation-27E",
  "json_url": "https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019/regulation-27E.json",
  "legislation": "uksi/2019/461",
  "legislation_title": "The Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019",
  "path": "regulation/27E",
  "kind": "regulation",
  "number": "27E",
  "heading": "Financial services and funds relating to gold, precious metals and diamonds",
  "text": "(1) A person must not directly or indirectly provide, to a person connected with Iran, financial services in pursuance of or in connection with an arrangement whose object or effect is—\n(a) the export of gold, precious metals or diamonds,\n(b) the direct or indirect supply or delivery of gold, precious metals or diamonds,\n(c) directly or indirectly making available gold, precious metals or diamonds to a person, or\n(d) the direct or indirect provision of technical assistance relating to gold, precious metals or diamonds.\n(2) A person must not directly or indirectly make funds available to a person connected with Iran in pursuance of or in connection with an arrangement mentioned in paragraph (1).\n(3) A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—\n(a) the export of gold, precious metals or diamonds to, or for use in, Iran,\n(b) the direct or indirect supply or delivery of gold, precious metals or diamonds to a place in Iran,\n(c) directly or indirectly making available gold, precious metals or diamonds—\n(i) to a person connected with Iran, or\n(ii) for use in Iran, or\n(d) the direct or indirect provision of technical assistance relating to gold, precious metals or diamonds—\n(i) to a person connected with Iran, or\n(ii) for use in Iran.\n(4) Paragraphs (1), (2) and (3) are subject to Part 6 (Exceptions and licences).\n(5) A person who contravenes a prohibition in paragraph (1), (2) or (3) commits an offence, but—\n(a) it is a defence for a person charged with an offence of contravening paragraph (1) or (2) (“P”) to show that P did not know and had no reasonable cause to suspect that the person was connected with Iran;\n(b) it is a defence for a person charged with an offence of contravening paragraph (3) (“Q”) to show that Q did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 5 Chs. 1A-1C inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 7(e)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/461/regulation/27E",
    "retrieved_at": "2026-10-28T22:45:44.769063+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}